5 Month Evaluation

December was a great rebound for the model portfolio. On December 1st the S&P 500 opened at 1479.63 and closed at 1468.36 on December 31st for a return of -0.76 % loss. The The J Stock Portfolio began the month with $115,598.00 in assets (stocks and cash) and ended the month with $127,670.00 for a gain of 10.44%. While the portfolio clearly beat the S & P 500 performance easily, we are remaining cautious to not have another repeat of our only losing month (last month).

Lessons Learned/Game Plan:

1. Take full profit on stocks that have moved up large, regardless of the portfolio + or - , we can always reenter at another time. (Selling ELON for small loss after large recovery move it had)

2. Some of our portfolio stocks were effected by tax selling and should rebound from that early in the month. We will likely use this strength to exit stocks that are not meeting expectations.

MONTHLY SCOREBOARD
J Stock Report:4
S&P 500: 1

GAINS SINCE PORTFOLIO INCEPTION (8/1/2007)
J Stock Report: +27.67%
S&P 500: +0.69%

Sold Converted Organics (NASDAQ: COIN) in the Portfolio

Sold Converted Organics (NASDAQ: COIN). 3000 Shares @5.24 were sold in the [model portfolio]. The quick move up was a bit much to hold such a volatile name, we took quick proifts and moved on. We will revisit the name if another opportunity presents itself

Added CommVault Systems (NASDAQ: CVLT) in the Portfolio

Added CommVault Systems (NASDAQ: CVLT) . 1000 shares @21.02 were bought in the [model portfolio]. This company routinely tops earnings estimates and has a great wide-view trend in tack. Under 20 would be a danger zone to consider exit.

Sold Echelon Corporation (NASDAQ: ELON) in the portfolio

Sold Echelon Corporation (NASDAQ: ELON). 700 Shares @ 23.00 were sold in the [model portfolio]. We took the shares off the table as we got the expected sharp bounce to exit. We still like the name longer term but feel the move up was a bit overdone for such a short time.

Added Titan Machinery (NASDAQ: TITN) to the portfolio

Added Titan Machinery (NASDAQ: TITN) . 1000 shares @13.70 were bought in the [model portfolio]. This is a newer issue as well dealing in agricultural equipment. With the appetite for these type of stocks so high, we think it is a good risk/reward situation for a small position.

Added Converted Organics (NASDAQ: COIN) to the Portfolio

Added Converted Organics (NASDAQ: COIN) . 3000 shares @4.20 were bought in the [model portfolio]. With all the agriculture momentum and the upcoming opening of their new fertilizer plant in 2008, this small, volatile stock has plenty of room for an upside market cap move once it is discovered by the general public. They should also start rolling out with press releases in the first quarter of 2008 as customers line up for deliveries once the plant is operational. This is an extremely thin issue and should be expected to trade as such with wild swings.

Sold Remainder Position of Shengdatech Inc (NASDAQ: SDTH) in the Portfolio

Sold remainder of Shengdatech Inc (NASDAQ: SDTH) position today. 1000 shares @ $12.90 were sold in the [model portfolio] . The move up has become too sharp for us to risk not taking the cash off the table.

Selling Partial Position of Shengdatech Inc (NASDAQ: SDTH) in the Portfolio

We did a partial sell of Shengdatech Inc (NASDAQ: SDTH) position today. 1000 shares @ $12.38 were sold in the [model portfolio] . While the stock remains strong fundamentally and from a technical analysis perspective, it has moved sharply higher in a short amount of time, so we feel it prudent to take some shares off the table. We are also moving our stops up to $11.75 to protect our gains on remaining shares.

4 Month Evaluation

This was a bad month the portfolio. This evaluation is late due to the planning of a new site format. As of (November 1st), the S&P 500 gapped down 1545.79 and as of the close on (November 30th) the S&P 500 was at 1481.14 for a loss of 4.18% (if you call that a real gain) . The J Stock Portfolio assets began this period with $137107.00 in assets (stocks and cash) and ended the period with $115598.00 for a loss of the month of 15.79%. This has easily been our first negative month (so far) and will be used as a lesson in what NOT to do in the future during a market where bidders on smaller cap stocks fail to show up. The S&P 500 was horrible, but our portfolio was worse and here are some of the lessons learned.

1. More partial profit taking was a good idea but more liberal profit stops are needed to keep the gains we have .
2. Better timing around earnings and major upcoming events to eliminate 'surprise' gaps

MONTHLY SCOREBOARD

J Stock Report: 3
S&P 500: 1

STOCK PORTFOLIO GAINS SINCE INCEPTION (8/1/2007)

J Stock Report: 15.60%
S&P 500: 1.79%